At one point, the typical condo buyer was younger, and perhaps buying this condo as their first home and using it as a steppingstone towards a house. But today, empty nesters and older couples hoping to downsize are also major condo fans. On the other hand, the typical house buyer wants more space, or more privacy. They want more leeway to personalize their home, and they can spend the time – and/or money – on maintenance.
Investment Property Possibilities. Condos for first time home buyers can turn into investment properties down the line. When you’re ready to make the next move in your homeownership journey, you can decide whether to sell your condo or turn it into a rental property and add to your income stream.
Buying a Home has Infinite Benefits If you’re between 25 and 35, ownership of a home represents an excellent long term investment. First time buyers face the biggest challenges, discouragement, and lack of insight into how to buy their first home. Find some tips here to help you make your first purchase.
How to Decide: House vs Condo. A detached house with a two-car garage and a backyard has long been the real estate dream of future buyers. But a burgeoning condo market means a wider variety of property options for homebuyers and the realization that a house doesn’t always have to be the goal.
Condo, Townhome or House? What’s a First-Time Homebuyer to Do. – I’m just barely scratching the surface when it comes to buying your first home and deciding between a condo, a townhome or a house. A complete guide for first-time home buyers to follow before they buy. In addition to the price of your new house, condo or co-op, you’ll also.
Condos for first time home buyers can turn into investment properties down the line. When you’re ready to make the next move in your homeownership journey, you can decide whether to sell your condo or turn it into a rental property and add to your income stream.
If you’re a first time home buyer, you may want to consider a couple alternatives to the traditional, single-family home that is surrounded on all sides by its own expensive lawn or